THE NECESITY FOR AUDITING THE FINANCIAL-ACCOUNTING ACTIVITY Cover Image

THE NECESITY FOR AUDITING THE FINANCIAL-ACCOUNTING ACTIVITY
THE NECESITY FOR AUDITING THE FINANCIAL-ACCOUNTING ACTIVITY

Author(s): George Calota, Sorin Sandu Vanatoru
Subject(s): Economy
Published by: Editura Universitaria Craiova
Keywords: audit; system; value for money; performance; financial-accounting information

Summary/Abstract: Many financial-accounting information users mistake internal audit and accounting. These confusion has, at is basis, the fact that most internal audit activities regard financial-accounting information and the fact that most internal auditors have a significant background in fields regarding accounting. Although the origins of accounting and audit are not clearly defined they have different application domains. The practice has imposed the abandonment of the entity’s internal audit correlated with the financial-accounting function significance and the growth of its importance by including the internal audit function in the direct subordination of the general management.

  • Issue Year: 2009
  • Issue No: 13
  • Page Range: 20-28
  • Page Count: 9
  • Language: English
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